Allspring Utilities and High Income Fund

Allspring Utilities and High Income Fundverified

ERH

Price:

$11

Market Cap:

$102.21M

Allspring Utilities and High Income Fund is a closed-ended balanced mutual fund launched and managed by Wells Fargo Funds Management LLC. It is co-managed by Crow Point Partners, LLC and Wells Capital Management Incorporated. The fund invests in the public equity and fixed income markets of the United States. It primarily invests in stocks of companies across all market capitalizations operating in utility sector including water, gas, electric, and telecommunications companies. For the fixed income component of its portfolio the fund seeks to invest in non-investment grade securities. Allspring Utilities and High Income Fund was formed on April 28, 2004 and is domiciled in the United States.[Read more]

Industry

Asset Management - Income

IPO Date

2004-04-28

Stock Exchange

AMEX

Ticker

ERH

The Current Ratio as of September 2024 (TTM) for Allspring Utilities and High Income Fund (ERH) is 70.33

According to Allspring Utilities and High Income Fund’s latest financial reports and current stock price. The company's current Current Ratio is 70.33. This represents a change of 275.25% compared to the average of 18.74 of the last 4 quarters.

Allspring Utilities and High Income Fund (ERH) Historical Current Ratio (quarterly & annually)

How has ERH Current Ratio performed in the past?

The mean historical Current Ratio of Allspring Utilities and High Income Fund over the last ten years is 1.44. The current 70.33 Current Ratio has changed 488.16% with respect to the historical average. Over the past ten years (40 quarters), ERH's Current Ratio was at its highest in in the February 2024 quarter at 70.33. The Current Ratio was at its lowest in in the February 2016 quarter at 0.48.

Quarterly (TTM)
Annual

Average

1.44

Median

1.45

Minimum

0.53

Maximum

2.10

Allspring Utilities and High Income Fund (ERH) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Allspring Utilities and High Income Fund Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 174.51%

Maximum Annual Current Ratio = 2.10

Minimum Annual Increase = -74.86%

Minimum Annual Current Ratio = 0.53

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.8344.48%
20221.26-7.25%
20211.36-5.81%
20201.45174.51%
20190.53-74.86%
20182.1088.50%
20171.11-30.78%
20161.61-6.00%
20151.7117.20%
20141.46-48.73%

Allspring Utilities and High Income Fund (ERH) Average Current Ratio

How has ERH Current Ratio performed in the past?

The current Current Ratio of Allspring Utilities and High Income Fund (ERH) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

1.48

5-year avg

1.28

10-year avg

1.44

Allspring Utilities and High Income Fund (ERH) Current Ratio vs. Peers

How is ERH’s Current Ratio compared to its peers?

Allspring Utilities and High Income Fund’s Current Ratio is greater than Wells Fargo Advantage Funds - Allspring Income Opportunities Fund (0), greater than Wells Fargo Advantage Funds - Allspring Global Dividend Opportunity Fund (0), greater than Blackstone / GSO Senior Floating Rate Term Fund (0.06), greater than John Hancock Preferred Income Fund (5.07), greater than Allspring Multi-Sector Income Fund (0), greater than BNY Mellon High Yield Strategies Fund (1.23), greater than Pioneer High Income Fund, Inc. (2.11), greater than Virtus Convertible & Income Fund II (0.26), greater than Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (0), greater than First Trust Senior Floating Rate Income Fund II (0.40), greater than Nuveen Floating Rate Income Opportunity Fund (0.99), greater than Nuveen Senior Income Fund (1.46), greater than Western Asset Global Corporate Defined Opportunity Fund Inc. (0), greater than Western Asset Global High Income Fund Inc. (0.10), greater than Virtus Convertible & Income Fund (0.19), greater than BlackRock MuniVest Fund, Inc. (1.56), greater than MFS High Income Municipal Trust (4.29), greater than Franklin Limited Duration Income Trust (0),

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